 Seal of the United States Department of the Treasury | |
| Agency overview | |
|---|---|
| Jurisdiction | Executive branch of the United States |
| Employees | 1000 |
| Parent department | U.S. Department of the Treasury |
| Website | https://home.treasury.gov/about/offices/terrorism-and-financial-intelligence |
TheOffice of Terrorism and Financial Intelligence (TFI), formed in 2004,[1] is an agency of theUnited States Department of the Treasury. TFI works to protect the U.S. financial system from misuse by terrorists, money launderers, drug cartels, and other national security threats.
TFI is headed by theUnder Secretary of the Treasury for Terrorism and Financial Intelligence who is appointed by thepresident and confirmed by theSenate. The position was vacant after the departure ofSigal Mandelker in October 2019. In December 2021,Brian E. Nelson was confirmed by the Senate in a 50-49 vote as the next Under Secretary.[2]
TFI oversees theOffice of Terrorist Financing and Financial Crimes, theOffice of Intelligence and Analysis, theOffice of Foreign Assets Control, theFinancial Crimes Enforcement Network and theTreasury Executive Office for Asset Forfeiture.[3]
The U.S. Treasury Department is the only national finance ministry with its own in-house intelligence agency, with offices around the world, includingIslamabad andAbu Dhabi.[4]
TFI was founded in 2004. Its first Under Secretary wasStuart A. Levey who was sworn in on July 21, 2004. He was a political appointee of President George W. Bush and President Obama asked Levey to remain in the position. Levey served until March 2011 and was succeeded byDavid S. Cohen on June 30, 2011. He left the position on February 9, 2015, and was succeeded byAdam J. Szubin who served from April 16, 2015, to February 13, 2017.Sigal Mandelker was nominated for the position by PresidentDonald Trump in March 2017 and confirmed by the Senate on June 21, 2017.[5][6] The position was vacant after Mandelker's departure in October 2019.
On May 26, 2021, PresidentJoe Biden nominated Nelson to serve as Under Secretary of the Treasury for Terrorism and Financial Intelligence.[7] On June 22, 2021, theSenate Banking Committee held hearings on Nelson's nomination. The committee deadlocked on his nomination on October 5, 2021, in aparty-line vote.[8] The entire Senate discharged his nomination from the committee on October 19, 2021, in a 50-49 vote.[9] On December 2, 2021, Nelson was confirmed by the Senate in a 50-49 vote.[2]
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| Deputy Secretary of the Treasury |  | |
| Under Secretary of the Treasury for International Affairs |
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| Under Secretary of the Treasury for Domestic Finance |
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| Under Secretary of the Treasury for Terrorism and Financial Intelligence | ||
| Treasurer of the United States | ||
| International | |
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| National | |
